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FOX Business
Sep 30, 2012 1:00am EDT
, the government didn't teach me how computers work. bem caught me. rockefeller's oil company taught people how to drill for oil and gas and the third thing that strikes me that's not going to work. he wants to double manufacturing jobs, increase manufacturing jobs, that's fine, but why does the manufacturing get the benefit of government largest, why not the financial sector, oil and gas, all of this stuff drives the debt sky high and we know that the government can't spend money efficiently, it's just wrong. >> and jonas, there are also some tax hikes here, and wouldn't that do something to decrease the deficit? >> yes, it's the only specific tax increase that-- of both candidates and if you would close the deficit and turn some of the tacks to the higher levels, and the revenues for the government, revenue enhancement. however, to cost patriotism to say a small fraction of the country will have an extra tax burden, everybody has to pay more taxes, in fact, if you combine the tax proposals of mitt romney and president obama, together you would have a patriotic plan where you're rem
FOX Business
Sep 24, 2012 8:00pm EDT
good thing we don't hold u.s. government to same standards we do to apple, the company sells only 5 million iphones and the stock sells down. welcome back i am neil cavuto, that is difference between apple and washington, one sets standard, and other has no standard remember one's reputation is such that it could be deemed a disappointment by selling just a few million in iphones. >> why, why, why? the question is not so much why we hold apple, to high standards, but why we don't hold the government to any standards. never punished for program that fail. and money wasted, stimulus checks, prison inmates, solar push for panels made in china. government subsidized check for chevy volts that don't sell. and stimulus that does not stim later, and regulation that stifle our very ability to innovate. in privacy sector companies would be pummeled for any one of these disappointment in, in public sector, part of government doing, here is difference, investors can sell, taxpayers cannot, does not mean you should sell apple, it means with the government you don't have that option. because unl
FOX Business
Oct 2, 2012 8:00pm EDT
the economist put it. obama does not understand business and rummy does not understand how to govern. so pick your poison. the fact that most of the economists prefer mitt romney's poison speaks volumes. it speaks volumes about how economist have had it with mitt romney's end obama's poison. romney might be more likely to get congress to do something, whereas obama has shown that he cannot. allen sinai says that romney is more likely to cut the growth of government itself. well, hope springs eternal, i guess, but these are among the finest economic minds of the country, many of them supporting -arack obama early on. until now. i don't know whether economists and their shifting views translate to the voters shifting views, but it is noteworthy, little bit more than 24 hours ahead of the first debate, that for the biggest numbers among us, the debate is not settled. barack obama and his time is up. whether economists then the voter. hadley heath, when you think of that? >> inside of the beltway, we like to think about this. people outside of the beltway understand that this administrat
FOX Business
Sep 30, 2012 2:00am EDT
government does, it's taking our resources and playing politics with it. it's about trade barrier, stealing our intellectual property rights, what both candidates should be focused on, not this thing about who invests more in china. >> david: if it's private money, may it go where it will. private investors are free to do with their money, but not my money, not my tax dollars. >> i have no allergic relax to governor romney investing in china, if that's what he wants to do. the issue is he makes these investments, goes out on the campaign trail, trashes china, tells us these things he's going to get tough about, when we know he's never going to do any of it. >> david: how do we know any of it, by the way? >> we don't know it, but i'm pretty darn sure. here's the most interesting part, when he finally releases his tax return, we see he quickly sold off the investment he had because he looked guilty. that's kind of silly, isn't it? like the kid getting caught with his hand in the cookie jar. if you feel okay about, don't sell it off because you're running for president. >> david: vic
FOX Business
Sep 30, 2012 9:30am EDT
growing number of state governments are doing it to get high achieving kids into college sooner. should all states do it to bring taxpayer costs lower? hello, everybody. welcome to "cashin' in." this week we have jonathan, tracy, todd, jim is here, and joining us this week we have sally cohen. welcome to all of you. jim, i'll start with you. why do you like this two-year plan for high school kids? what do you like about it? >> everybody pays taxes, whether they own a home or not, whether they have children or not, everybody pays for education, and every year they get worse education and it costs more. we've dumbed down our school program to rush kids through the system. why not do it the other way? why not had let the achieving kids rush through the system and get away from this burgeoning ed accuracy? beyond that, we're spending money on things that aren't being productive for our economy. let these achieving students, send them the message that if you achieve you will be rewarded. the idea we're going to get any of this taxpayer money back is kind of a mirage. taxpayers never get any
FOX Business
Sep 30, 2012 9:00pm EDT
maryland -- north carolina i debated former vermont governor about the role of government. i hope i convince them but i don't know. when everything it is important we have an open debate. and traditionally that is what universities were supposed to be about. open debate. but college campuses often are not. two reasons. some have speech codes of what you cannot say. some are so liberal libertarians and conservatives are ostracized if they speak up. you had a student here? >> 2010. and robert studies free-speech and is with fire the foundation for individual rights and education. hadley, you were not very political. what happened? >> i have opinions but struggled what i believe, when to speak up, and when to be quiet. john: the because of friends ? >> there were a variety of students that were very mature but others who could be loudmouth that overshadows the culture with a small group to make a lot of noise it can be intimidating. congressmen tom 10 credo was invited but the speech never happened. john: he has positions on immigration that you disagree. i am not in alignment with his
FOX Business
Sep 30, 2012 2:30am EDT
, this whole egalitarian policy that you got to cut down. the government monopoly incent incentivizes kids stay. let gifted kids move on and save taxpayers money in the process. >> todd, wouldn't you rather have kids, smart enough, willing enough to get out in two years, you would keep programs like gym, home economics, programs they've talked about cutting. this is a way to save those classes perhaps. >> maybe, but you're assuming that you'll have so many kids in this accelerated program. look, it's not a linear number. in other words, you just don't say in two years this is it and they're done. you'll have a big percentage of kids that still have to be there for four years. it's a revolving number. plus, you'll have some that are held back. what do you do with all the kids out of school already? you don't even have the jobs that are there for them already. look, you'll see property taxes go through the roof because the counties will have to hire more people to baby-sit all the kids that you just graduated. >> the thinking is they would go off to college, even if it was
FOX Business
Oct 3, 2012 9:20am EDT
massive government spending, and heavy regulation simply has not produced a robust economy which would raise the middle glass. it's subdued the middle class. what's your explanation. >> well, i mean, that's the debate between governor romney and president obama. i mean, you're right. and that's the middle class is really struggling. something that's been true really for 30 years, when you look past what's happened in the middle class the last 30 years, it's basically treading water and it's gotten much tougher in the past four years, and this big debate between the two sides is whether it was, the bush policies, that preceded that president obama that was a major contributing factor or is-- a the romney campaign is trying to argue with the stimulus measures and other steps that the obama administration took. >> well, congressman, what is going to get us out of it? do you think that of continued policy of raising taxes on the rich, that's the policy. a continued regulation, under obamacare, and financial reform, continued regulation, higher taxes, and do you think that will pro he dues
FOX Business
Oct 3, 2012 12:00am EDT
. government. i think they feel likethey were forced to buy this company at a time when the country's financial system was falling apart and that in essence, no good deed goes unnished. here you are coming after them, penalizing them, suing them for something they did to try and help the financial system. that is their argument. how do you respond to that? >> i have, high regard for a lot of the folks over there but with all due respect they bought this company with a $29 billion taxpayer loan. anything, i think the people in most of america, feel that there were two few strings put on banks bailed out by tarp and through this loan and through other benefits that were provided by federal government to the banks. they know they acquired the assets and the liabilities. we would send a terrible message if we said, oh, you know what? some people are going to get busted for material misrepresentations and fraud and some folks will gets a pa. we can't do that. we're prosecutors. this is not the only institution we're pursuing. i assure you there will be other case >> soas you heard this is
FOX Business
Sep 30, 2012 10:00pm EDT
government red tape is putting our country at a competitive disadvantage. plus, president obama gets a boost in the polls. the romney camp plays down expectations for next week's debate. some predictions. welcome to "the willis report." but, everybody. i'm lori rothman in for gerri willis perry the recovery is flat lining. the jobless rate has been about 8% for more than three years. but president obama is getting a well timed bump care of the labor department. bystanders showing more jobs have now been created and lost since the president took office. does this hurt mitt romney's argument? let's ask former republican governor mike huckabee of arkansas. it is wonderful to have you. >> great to be here. lori: what do you think of this jobs revision? it seems to be a nice boost for obama. >> if he is looking for anything, this is the lifeline he has. the fact is, of the jobs that have been created are jobs that are being created at a much lower pay scale than the jobs that people lost. some 30% lower. the fact that people have got a job does not necessarily mean they're better off. the
FOX Business
Sep 29, 2012 11:00pm EDT
beat them up before they beat me up, sure, help protect its in my pocket. this is the government basically being a moderate. they get to do it legally and there is not all lot you can do to stop them. lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashi
FOX Business
Sep 30, 2012 8:30am EDT
point where the foreign governments will demand exorbitant amounts to lend to us, i'm sorry to say, there's not enough to be done, we're going to have to raise taxes, and we're going to have to do it. >> why start with something that will prevent you from cutting. >> it's not going to be-- >> with all due respect, ben, the history of this country the last 20 years, or 30 years, trying to do deficit reduction is raising taxes and not doing the cutting on the other end. why don't we try a different approach? why don't we try an approach and cut stuff and then maybe raise, at thats later? >> we can't cut. we can't cut. we can't cut. >> then we're might as well as go down in flames if we can't cut. >> raise taxes. >> neil: charles, one of the interesting things this week, the 47% romney thing and i go back and forth no matter who's nose got out of joint as a result of the comments picked up at a fundraiser. the 47% should stagger you, how we get 47% don't pay taxes. i take nothing away from those on social security, retirement. for whatever reason we're close to paying no federal incom
FOX Business
Sep 27, 2012 4:00pm EDT
what has happened. shanghai in particular. we began to get word from the chinese government that they were going to try to push another stimulus plan for whatever you think it works. they were up 2%. general electric talked about it, the best performer in the dow jones. since 2008. general electric, a very strong component of the doubt. we are awaiting key earnings from nike and research in motion. can the blackberry maker prove that they are still in the game with the crockery can? >> we will break down the results who has a sneak preview. also, trade with china reaching over $174 billion this year. we have a ceo who is hoping to change all that by making it easier than ever for u.s. businesses to sell their products in china. the domestic market is booming. is that the place to be? he will tell you how to get in. first, today's data download. all three ending in the green. the s&p breaking a losing streak. technology and energy were top performers. utilities did lack of it. today was the biggest for stocks in september, the fed announced its money program. u.s. weekly jobless claims
FOX Business
Oct 1, 2012 6:00pm EDT
net that is being cast by government officials. this is not likely to be the last action that we see. again, going after residential mortgage-backed securities saying that bear stearns, a unit of jp morgan chase misrepresented the quality of the mortgages that were being sold off in that collateralized debt obligation and other mortgage-backed securities backed by mortgages, many of them sub prime. talk about 22 and half billion. what they call an astounding number of those, more than a quarter of the principal balance that were listed by bear stearns . this is part of a broader net being cast by government officials and jp morgan will fight the charges. gerri: thank you for that report. a barrage of economic reports making consumers nervous. it would like to be. we heading toward an economic slowdown or as the u.s. economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the fede
FOX Business
Sep 26, 2012 10:00pm EDT
president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion for four straight jeers. the "new york times" poll found in ohio romney has a slim 4-point lead on the deficit, and the "washington post" fact checkers gave the president four pinnochios for claiming the boost came from the leftover bush policies. >> that accounts for 10% for the increase in the deficit. >> the economy is front and center a week from tonight at the first presidential debate in november, and two days later, he'll brace for the september jobs report. lou? low low thank -- lou: casting a different picture for the race for the white house as gallop shows president obama stephens the lead 50-44 over governor romney showing that candidates could be locked in dead heat at 46%. joining me to break down the numbers is fox news digital politics editor and republican strategist and
FOX Business
Sep 25, 2012 12:00am EDT
government warrants more money because of melissa: i'm melissa francis and here's what's "money" tonight. how do you know when a federal jobs program is just a complete mess? when states won't even take the handout. we have got details on what they're saying, why they're saying no thanks to uncle sam's help even though they need to create new jobs. >>> plus the campaign fight over coal takes center stage with a big move to strip away a mountain of regulations but can it save the industry before the lights go out for good? >>> subsidizing electric cars. a ceo predicts that it will cost you $7.5 billion and have no impact whatsoever on gasoline demand or greenhouse emissions. why in the world are you paying for it then? it will be be a disagree with me to remember. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. europe's debt crisis rearing its head again. leaders of gerny and france make conflicting comments over the future of europe's banking system. the news leads to a modest selloff in stocks. the dow closed
FOX Business
Oct 3, 2012 7:00pm EDT
cabinet been hiding? who are they? when do they meet? we look at who is running the government in the "chalk talk." the debate is tonight. who will win? a neutral observer will give us his view reince priebus with his expectations. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. lou: a lot of questions to be answered tonight talking with reince priebus obama lotus few differences rightama lotus few differences right away from the last debate. governor romney is taller than john mccain. actually 7 inches. mommy is 6-foot 2 inches tall senator mccain 517 inches and this time president obama is the shortest at 6-foot 1 inch and seven may be his lucky number he is also seven years younger than sena
FOX Business
Oct 2, 2012 12:00am EDT
sure we hit on the points because there is a specific at that today list. one get the government out of the subsidies by. explain at that to me and how big of an impact would that make? >>uge impact. this is seat of the pants estimate between the tax subsidies and direct grants and subsidies we make to schemes like soldra, totally that is about one-third of federal spending right there. that is not only money that being wasted, it is diverting capital from its highest and best use, to the whims of politicians. melissa: yeah. >> when you divert investment decisions from investors that make those decisions based upon the best economic return for the dollar and give those decisions instead to politicians, they make those decisions based on the highest political return for th dollar. that's a very different thing. melissa: your number two on the list i like very much. it is enact losers pay. basically lawyers have a huge influence on the political system. and we're seeing this right now with consumer protection. if you enact a rule for lawsuits that the loser has to pay the cost, tha
FOX Business
Sep 28, 2012 5:00pm EDT
the wealthiest citizens in france have to pay their government. that is, thank you, to the country's socialist president. there he is. he looks so happy, doesn't he? how would you feel about giving 75% of your income to uncle sam? for now that insane tax rate is staying on the other side of the pond. i don't know, are we next? joining me for more on this, chief economist brian wesbury. brian, great to have you back on the show and i just fear that there are folks in washington who look at this and say, now, that french thinking, they are thinking right. scary, right? >> yes. we know they like a lot of things that the french like. big government. big spending. big entitlement programs. and this is the last gasp. i call this paul krugman's alamo. i guess if you're going to talk european we have to say it is the waterloo, right? melissa: right. >> we spent all the money. we can't afford it. now we'll tack, we're going to confiscate people's income to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last.
FOX Business
Sep 26, 2012 11:00am EDT
between our government and the israeli government. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair. he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say look at the unemployment rate under president oba
FOX Business
Sep 26, 2012 8:00pm EDT
government can. >> we have reached a tipping point. no matter who is in charge will not be able to fix the structural breakage in this economy. there is an appropriate partnership, we may give or terms and specifics but no beard with a thoughtful mind could say that private sector alone would lift this economy back to where it belongs, there are certain government actions that need to be taken as a comment to capitalism. >> you are now a socialist? >> not on the record. >> leo hindery, he actually does care about our country, clueless about that guy, but he does care, i'm kidding. neil: going the other way, do you remember yoko's big no, no, he wants to start a war on drilling, another hollywood hotshot giving her a run for her money, that is next, wait until yoko hears the competition, she will be hearing more of this. rachel quit the corporate grind to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showc
FOX Business
Sep 27, 2012 3:00pm EDT
leaders. there is so much criticism nationally about how government cannot put together any kind of infrastructure plans or highway plans, etc. guess what, business does it really well, so why not manage company money with the oversight. a lot of people coming together with big ideas. john mccain, senator from arizona talking to us right here about real ideas. he tells us exactly what is going on as it pertains to how we get the country back in order. plus, very first u.s. ambassador to iraq, a lot of businesses who wanted to jump right in to help rebuild iraq because it can make them a lot of money. how has that come along. ashley: we look forward to it. the cme group, the nymex. let's begin, thank you for joining us at the nyse. look, the initial economic data was pretty miserable, but the market is not really responding. >> clearly nobody's paying attention to the u.s., it is all about china, the additional stimulus and all of that. traders really have found this market to be quite oversold taking the opportunity to ride on the back of good headlines because that is all that is d
FOX Business
Sep 28, 2012 11:00pm EDT
back the free enterprise system to have government serve the people? at a tactical level the economy is no good. on of macro level but at the micro level gasoline is $2 a gallon higher than three years ago. it takes $2,000 out of every household budget would wages are not going up or are stagnant in one town geneva illinois disposable income is down $6,000. how can a family support that? neil: you passionate the present numbers in a way people understand i do like mitt romney personally anybody who gets the nba and law degrees simultaneously is beyond me. he is not presenting that argument may be the media does not allow him to do so by what is the half to do to keep it simple? >> ronald reagan brought it down to the individual it is my microphone, our town, home, village, police department. the regulations when you create a system that should solve problems but don't people will take shortcuts bordering is as high as it has ever been. mitt romney better get off a high horse to come down to mainstream. people are terrified right now the president is leading a lot of the polls
FOX Business
Sep 25, 2012 1:00pm EDT
costs outweigh what he calls meager benefits. lori: does the government need to regulate or gps? [talking over each other] lori: this is something. melissa: guess who would pay for it? regulation nation series continues. regulate your gps. melissa: maybe it find that when gives you bad direction. lori: that is okay with me. melissa: time to head to the stock exchange with nicole petallides. stocks trading lower today. nicole: they tried the rally once again. at 13,600 rally. we tried it before and try it again and they lose it. the high of the day 13,620 on the dow jones industrials. interday charge shows we sold off after the noon hour as we started to hear from the filly head. talking about monetary policy and pretty pessimistic and that played into this market as well as the fact that the imf may not give greece there nick heymann. lot of calls for a market that started pretty strong and another thing digesting its caterpillar having to repair products saying we won't make the profits we expected in years to come because economic growth is dwindling. with that through 2015 th
FOX Business
Oct 3, 2012 5:00pm EDT
. it is about their dissatisfaction with their own government. that is something the government will have a hard time making go away. melissa: walid, why do you say it is america's response and israel's response that make as difference. >> i didn't say the united states. i didn't say israel because they're locked in almost military conflict and intelligence conflict with the irrainsian. the united states as leader of free world has opportunity now. iran this may be one of the wave to come it is not final wave of course. after egypt, after tunisia after the other models in syria and libya there is possibility for the united states to encourage basically the iranian people to continue with demonstration. >> how? >> or repeat of 2009 when the administration said we don't want to meddle, have nothing to do with it. melissa: what do they do to encourage it? >> we're seeing representatives of the opposition, if the opposition organizes. second we aggrandize their message. thirdly, depend how the events take place inside iran we may take this to the international community. all those are op
FOX Business
Oct 1, 2012 11:00am EDT
government is too big. we have all of these taxes to worry about if we do not cut spending. it has become the biggest financial institution in the world and that is why we are more worried today about uncertainty and what has happened is the risk reward ratio has changed for business. there is more risk and potentially a lot less rewards. businesses are holding back and that increases the odds of recession. the three what todd would you put on recession given the fact, again, this morning we are optimistic -- maybe not, maybe things are looking pretty good. what odds do you put on recession? >> when we had our soul patch, we did not change our hearts. we stayed at 10%. that is 10%. this year as we have had this slow patch, especially a big drop in production, big drop in durable good orders, machinery orders are down 10% from a year ago, these numbers concern us. even though the economy is growing, companies are holding back. they are holding cash. they are not making new orders. that worries us. that may seem low to people. northwestern r5 and zero. the whole point we are getting
FOX Business
Oct 2, 2012 9:20am EDT
% and total sales when you throw in fleet and government orders so far this morning weak performance by america's two principal carmakers pushed the dow industrials to the downside. we were up 50. real fast, we have expressed shares a loser. what do we do and how big are they down? nicole: they are down 19% and looking to the downside because there next quarter will miss after a downbeat august. they had a change in traffic. stuart: we are down three points on the dow industrials. our investors missing out on what has been a very strong stock market rally over the last couple years? federal reserve says $6.9 trillion is in savings accounts even though interest rates payable to these are extremely low. there has been a huge spike in the dow since the lows of 2009. this is a big story for charles payne. you do say the little guy has totally missed out on the stock market rally because they don't trust wall street. charles: 1,000%. talk about pouring salt on the. . march and february americans sold $50 billion of equity to the american market. $50 billion worth that gigantic losses. imagin
FOX Business
Sep 27, 2012 9:20am EDT
was there and extolling the company and the government's role in it. and form mayor rudy guiliani joins us to talk about romney and taxes, is romney is good candidate? we'll ask him. and nokia and research in motion, the down side of apple's success. we'll follow them at the opening bell next. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >> we're still expecting a 50 point gain for the dow when that opening bell stops ringing and we start trading, but there's a big negative number out there this morning, released about an hour ago. gdp, gross domestic products, our big picture economy grew only at an annual rate of 1.3% in the second quarter.
FOX Business
Sep 26, 2012 1:00pm EDT
government of the oddball fbn -- melissa: sounds like four people abetting. charlie: the lot of people betting and it is usually right but it moves around a lot and it is usually right. in any event we are not announcing that romney is dead and the campaign is over. we are saying what they're saying and wall street and it is not just the traders that use it but used by traders and also inside the executive suites they don't see a chance for mitt romney winning and right now what they are looking for and wall street generally forward predictors' who will be breaking their chops the most and has most influence over what they do and that usually is a combination that the head of the federal reserve and ben bernanke and the new york fed and the treasury secretary so this is my statistically insignificant survey of wall street executives and who is in running for this job. jack lew is inside the white house and white house chief of staff pretty high marks. they think he is the most likely guy to be treasury secretary according to the people i talk to. major wall street ceos and the executiv
FOX Business
Oct 1, 2012 9:00pm EDT
of congress. in celebration of over 75 years of our government ployees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political rties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. gerri: breaking news. reports tonight new york attorney general is -- over widespread fraud. for more, and joined by fox business news robert gray in the newsroom with the latest. >> in this harkens back to bear stearns. the failed in this bank that j.p. morgan rescued in the spring of 2008. bear stearns to sell the mortgage backed securities in question here. again, alleging widespread fraud according to the "wall street journal" reporting on this. they are saying that this is part of a broader net that is being cast by government officials. this is not likely to be the last action that we see. again, going after residen
FOX Business
Oct 1, 2012 8:00pm EDT
outside your means, $16 trillion in debt, just means the expansion of government. poll after poll shows the american people and american voters are concerned about how big the federal government has been getting. i hear a lot of repeats in what they're asking for. president obama may not be implementing an environmental policy that is directly geared toward climate change, but look at the epa policies under president obama. they are geared toward addressing climate change in terms of regulations on coal mines. in terms of immigration reform we have seen president obama work on the. >> translator: and we just saw his executive order that looked very similar to that piece of legislation. it's kind of a repeatable we have already seen and a little out of touch with people concerned about right now. neil: i wonder if it is part of the perceived victor's already claiming the spoils. i suppose it mitt romney were the runaway favorite, you are seizing on keeping open those facilities and military contracts or jobs that could be imperiled as a result of even automatic sequestration. so ar
FOX Business
Oct 3, 2012 4:00pm EDT
to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all right. we've got all this covered plus a lot where we have larry shoafer in the pits of the cme group. bob phillips, telling us why the recession already here. legendary investor wilbur ross who needs no introduction and will tell us what is he investing. larry over at the i know talking with nicole that hewlett-packard was bringing down the whole index. you look at oil. it is hard, you can't call it a crash but a 4.25% drop in oil is the biggest drop we've had in months. doesn't that show you that we're at a tippingpoint here where the weakness in the economy may finally spill over to the stock market? >> it might be one of those things that does tip over the stock market. being down 4% i like the fact, i don't think the market likes t
FOX Business
Sep 27, 2012 8:00pm EDT
on government is somewhat true. he is right. what do you make of that? >> you know something, 1935, fdr in his state of the union, said this relief, that is welfare is a narcotic, a subtle destroyer of the human shar hume must and shall get out of this business of welfare or relief, he is right, they did get out of it everyone agrees, if you have somebody that is down and got a rile problem, we all get together and help them out, and that -- against something that appeals to the american people. but idea that people on food stamps are never going to provide for their own food in america, their entire lives, when i grew up in washington d.c., 800,000 people, half african-american, half white, no body was on food stamps, there were no school lunches, now maybe you need some, but 47 million on food stamps, 80 billion for food stamps, more and more folks needing to fed by government, i think all of us sense that something is happening to the character of country and our people when we get there. neil: i do think you are right on this respect, we're worried about gets -- someone's nose
FOX Business
Oct 3, 2012 6:00pm EDT
-minute segments. the first three and the economy followed by health care and the role of government. the moderator from pbs will ask president obama the first question and then candidates will alternate for all 90 minutes. for each question the candidates will have two minutes to respond and are not permitted to talk to each other. much more on the debate when i'm joined by one of the smartest political minds and politics, call growth. you don't want to miss that. all right. both candidates will be trying to win over undecided middle-class voters, and the big concern, who has the better tax plan. romney floating a new idea. today at of the debate which includes a cap on itemized deductions. for more on this on joined by scott hodge, president of the tax foundation. welcome to the show. i have listened to the radio interview, and i'm having a hard time making sense of this. the basics of this plan, and this is finessing a plan that is already out in the marketplace. he would cap itemize deductions at $17,000. taxpayers would choose which deduction to claim, which still lose. now, kendis w
FOX Business
Sep 28, 2012 9:20am EDT
they are entitled to health care, food, housing, you name it, the entitlement and the government will vote for this president no matter what. stuart: recent figures showed the number of people not paying federal income tax has spiked under president obama. 47% is a legitimate figure. and the latest fox news poll shows voters are fed up. when asked if all americans should be required to pay some kind of federal income tax, 79%, yes, they should. and joining us with americans for tax reform, maddie go through it for me fast. how did the spike happen? i believe there was a spike in the number of people not paying any federal income tax at all. >> right, we've got romney talking about this and the media saying that this is, you know, him insulting, inelegant, a problem talking about it, what it is a referendum on obama policies and the state of the economy. what we've seen are incomes falling and people have less income due to paying taxes on and getting more he deduction and less tax income liability. ahead of that, too, though, we've seen a lot more complexity introduced into the t
FOX Business
Sep 27, 2012 5:00pm EDT
rebalancing which it needs to do. we have too much debt. we're not deal with that. government debt is growing more than private debt is slowing and that means we would like japan we're getting more and more in debt. you can never come out of this crisis. melissa: harry, before you go, are you better off than four years ago? that is what average person is answer to that? i don't want to know about you personally or your bank account but when you look at these numbers what would you say? >> again there are two economies. i think 80% of households are not better off. they have made no progress. they have still got jobless worries and their incomes haven't gone up and gone down if anything. but the top 20%, 4% unemployment, the stock market going up makes them wealthier. those 20% would tell you in a poll and polls show, this 20% of the people say yeah, things are better. but only 20. melissa: harry dent. always great. thank you. >>> fracking our way to a healthier environment? environmentalist says fracking boom is the cause of lowest carbon dioxide emissions in 20 years. he is here next
FOX Business
Sep 25, 2012 9:00pm EDT
apologize for the video? the idea that a government is apologizing for this video is lamentable. cheryl: isn't it true, but that is seen as a weakness when you apologize for anything. as an opponent and not an ally, the president said today. doesn't that weaken our foreign policy? >> pretty much, i think no one really fears the united states in that region. they have basically discounted the american president and he goes to the united nations and says that bashar al-assad -- he said that 13 months ago, he is still saying the same things about syria. we have done nothing about this eerie intensity and things are what they seem to us. cheryl: one thing he has done with the issue of syria, he has put hillary clinton as the face. mostly she is not going to be a secretary of state. do they know that in the muslim world? do they see her as a credible person? >> i'm glad that you took us there. secretary of state quinten stop in south africa and there was a scene of her cutting a rug on a dance floor in south africa. people look at this as ridiculous. secretary clinton has been runnin
FOX Business
Oct 1, 2012 4:00pm EDT
you are sick, you push the button, and the hospital is on-call. are you working with the government in any way, with medicare or medicaid in the projects? >> you know, today, we're not. we offer a solution, the adt companion service. we have the pendants and bracelets. for an emergency, push the button, goes to the monitor center, and we pass that information to the care givers. looking at the new pulse offering, there's an opportunity to really make those solutions so much more robust. in the end, we have to partner with the insurance companies like medicare and medicaid from a reimbursement perspective. that's an opportunity to really open up the market. lauren: sounds expensive, huh? how much? >> actually, very affordable. our strategy is to make strategies available to the mass markets. looking at the highest end pulse offering with the home automation, energy mechanic and everything, you know, you are talking in the area of $60 a month from a monthly recurring perspective, and very affordable from an upfront installation perspective. we sub sigh size installation, and with the val
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